This from the Financial Times - "Foreign buying of US assets rises to record":
Foreign investors poured a record $101.9bn into US assets in September, according to Treasury data which eased market concerns that any fading demand for dollar assets could undermine the US currency's value.
. . .
The bulk of the $101.9bn flowed into US bond markets, including Treasuries, but economists said a surge in inflows into equities was encouraging since it indicated a possible broadening of investor interest which should support future inflows and leave the dollar less dependant on demand for bonds.
The good news: foreign investors continue to lend the US money to cover our deficits (trade and budget) - meaning the economy won't immediately crash.
The bad news: foreign investors continue to lend the US money to cover our deficits (trade and budget) - meaning that we owe more and more (principle and interest) to foreign investors and continue our trek to what Warren Buffet calls the "sharecropper society".
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